Amazon Earnings Preview: The Mode Is Evolving, AI Is Expected To Benefit Retail [Seeking Alpha]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Seeking Alpha
Amazon is expected to generate $614 billion in annual revenue in 2024 (the current sell-side consensus estimate). Jeff Bezos' resignation in late 2021 not only top-tipped the stock at $188-189 per share, but it also marked the end of +20% annual revenue growth. Originally published on April 28, 2024 The sell-side consensus around Amazon ( NASDAQ: AMZN ) looking out 3-5 years is that revenue growth is expected to slow, i.e. to never return to the +20% pace the ecommerce giant generated from 2002 to 2021, when annual revenue growth averaged 29% per year, to today's current expected revenue growth for the next 3 years of 10-12%. This isn't really a surprise since Amazon is expected to generate $614 billion in annual revenue in 2024 (the current sell-side consensus estimate), and as those very large numbers are hit, to continue to grow at a 20% annual revenue rate, means that eventually Amazon will outgrow the entire US economy. Jeff Bezos' resignation in late 2021 not only top
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/20/24 - Form PX14A6G
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- AMZN's page on the SEC website